S&T BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

S&T Bancorp, Inc. (NASDAQ: STBA) announced a quarterly cash dividend of $0.32 per share, marking a 10.3% increase from last year's $0.29. The dividend, yielding 4.0% based on the January 24, 2023 closing price of $32.37, is set for payment on February 23, 2023 to shareholders recorded by February 10, 2023. This reflects the company's commitment to returning value to shareholders amid maintaining a strong financial position.

Positive

• Quarterly cash dividend increased by $0.03, or 10.3%.
• Annual yield of 4.0% based on recent stock price.

Negative

• None.

News Market Reaction – STBA

-0.28%

-0.28% Session move

In the trading session that priced this news, STBA declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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INDIANA, Pa., Jan. 25, 2023 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.32 per share cash dividend on January 25, 2023. This is an increase of $0.03, or 10.3 percent, compared to a cash dividend of $0.29 in the same period in the prior year. The annualized yield using the January 24, 2023 closing price of $32.37 is 4.0 percent. The dividend is payable February 23, 2023 to shareholders of record on February 10, 2023.

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is an $8.9 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. S&T Bank was recently named by Forbes as a 2022 Best-in-State Bank. S&T Bank also received the highest ranking in customer satisfaction for retail banking in the Pennsylvania region by J.D. Power in 2022. For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

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SOURCE S&T Bancorp, Inc.

FAQ

What is the dividend amount declared by S&T Bancorp on January 25, 2023?

S&T Bancorp declared a dividend of $0.32 per share.

When will the dividend be paid to shareholders of S&T Bancorp?

The dividend will be paid on February 23, 2023.

What is the annual yield of S&T Bancorp's dividend as of January 24, 2023?

The annual yield is 4.0% based on the closing price of $32.37.

By when must I own shares to receive the dividend from S&T Bancorp?

You must be a shareholder of record by February 10, 2023.